KS Smart Technologies Board Approves ₹475 Crore Fund Raise and Capital Limit Increase
KS Smart Technologies board has approved a significant capital expansion plan involving a fund raise of up to USD 50 million and an increase in authorized share capital. This move, aimed at strengthening the company's financial base, follows the firm's transition from its former identity as Soma Papers and Industries Limited.
Emerald Finance Partners with Ace Financials for Early-Wage-Access Program
Emerald Finance has entered into a strategic partnership with Ace Financials to provide an Early-Wage-Access (EWA) program for employees in Zirakpur, Punjab. This initiative allows staff to access salary advances that are later recovered via payroll deductions, supporting the company's retail expansion.
Nazara Technologies Launches Bodycam UEFN in Fortnite to Expand Global Gaming Reach
Nazara Technologies has launched Bodycam UEFN, an official game adaptation within the Fortnite ecosystem developed via Unreal Editor for Fortnite. This free-to-play tactical shooter marks the company's strategic entry into high-traffic discovery platforms to scale its intellectual property portfolio.
Shilpa Medicare Shares Jump 11% in 5 Days Since World-First OERIS Injectable SEC Approval
Shilpa Medicare has received final approval from the CDSCO Subject Expert Committee for OERIS, a world-first extended-release ondansetron injection. The product, used for managing chemotherapy-induced nausea, offers five days of protection from a single dose and holds patent security until 2039.
IndusInd Bank Launches OD and Cash Credit Linked Corporate Credit Card for Businesses
IndusInd Bank has introduced a specialized Corporate Credit Card directly linked to existing Overdraft (OD) and Cash Credit (CC) accounts. This product enables businesses to utilize sanctioned working capital limits for digital payments without maintaining separate credit lines or billing cycles.
Allied Blenders and Distillers Launches ‘The Indian Edit’ Premium Whisky at ₹1,550
Allied Blenders and Distillers Limited (ABDL) has announced the launch of its new premium whisky brand, 'The Indian Edit', targeting the evolving domestic spirits market. The product is a curated blend of Indian malt and grain spirits with fine Scotch malts, reflecting the company's strategic focus on premiumisation.
Kalyani Cast-Tech Receives CBIC Approval for Shivlakha Inland Container Depot in Kutch
Kalyani Cast-Tech Limited has received a Letter of Intent from the Ministry of Finance to establish an Inland Container Depot in Shivlakha, Gujarat. This regulatory clearance anchors the company's transition into a diversified rail, manufacturing, and logistics platform.
Mercury Ev-Tech Expands Network with 100 New Dealers and Secures GEDA Subsidy Clearance
Mercury Ev-Tech Ltd has announced a significant distribution milestone by appointing 100 new dealers across India over the last four months. Additionally, the company secured clearance from the Gujarat Energy Development Agency (GEDA), making its electric two-wheelers and three-wheelers eligible for state-level subsidies.
Glenmark Pharmaceuticals Launches RYALTRIS Nasal Spray in Brazil; Targets 60 Million Patients
Glenmark Pharmaceuticals has launched RYALTRIS nasal spray in Brazil for treating moderate to severe allergic rhinitis in patients aged 12 and older. This dual-action therapy, combining an antihistamine and corticosteroid, marks a major expansion into Latin America's largest healthcare market.